GLOBAL PARTNERS LP Market Value
| 37954FAG9 | 98.45 2.00 1.99% |
| Symbol | GLOBAL |
GLOBAL 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to GLOBAL's bond what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of GLOBAL.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in GLOBAL on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding GLOBAL PARTNERS LP or generate 0.0% return on investment in GLOBAL over 30 days. GLOBAL is related to or competes with Cumulus Media, Insteel Industries, TFI International, 51Talk Online, Mesa Air, Proficient Auto, and Titan International. More
GLOBAL Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure GLOBAL's bond current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess GLOBAL PARTNERS LP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 7.11 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.6297 |
GLOBAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GLOBAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GLOBAL's standard deviation. In reality, there are many statistical measures that can use GLOBAL historical prices to predict the future GLOBAL's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (1.51) |
GLOBAL PARTNERS LP Backtested Returns
GLOBAL PARTNERS LP holds Efficiency (Sharpe) Ratio of -0.0638, which attests that the entity had a -0.0638% return per unit of volatility over the last 3 months. GLOBAL PARTNERS LP exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GLOBAL's risk adjusted performance of (0.03), and Market Risk Adjusted Performance of (1.50) to validate the risk estimate we provide. The bond retains a Market Volatility (i.e., Beta) of 0.0299, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GLOBAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding GLOBAL is expected to be smaller as well.
Auto-correlation | -0.4 |
Poor reverse predictability
GLOBAL PARTNERS LP has poor reverse predictability. Overlapping area represents the amount of predictability between GLOBAL time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of GLOBAL PARTNERS LP price movement. The serial correlation of -0.4 indicates that just about 40.0% of current GLOBAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.76 |
GLOBAL PARTNERS LP lagged returns against current returns
Autocorrelation, which is GLOBAL bond's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting GLOBAL's bond expected returns. We can calculate the autocorrelation of GLOBAL returns to help us make a trade decision. For example, suppose you find that GLOBAL has exhibited high autocorrelation historically, and you observe that the bond is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
GLOBAL regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If GLOBAL bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GLOBAL bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GLOBAL bond over time.
Current vs Lagged Prices |
| Timeline |
GLOBAL Lagged Returns
When evaluating GLOBAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GLOBAL bond have on its future price. GLOBAL autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, GLOBAL autocorrelation shows the relationship between GLOBAL bond current value and its past values and can show if there is a momentum factor associated with investing in GLOBAL PARTNERS LP.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in GLOBAL Bond
GLOBAL financial ratios help investors to determine whether GLOBAL Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in GLOBAL with respect to the benefits of owning GLOBAL security.